Indraprastha Gas

Indraprastha Gas Ltd (IGL) has signed an agreement with the Delhi Division of Northern Railway to supply piped natural gas (PNG) to 22 railway establishments across Delhi-NCR, as the city gas distributor steps up efforts to replace conventional fuels with natural gas under the government's PNG Drive 3.0. The agreement will initially facilitate the supply of around 3,000 standard cubic metres of gas per day (SCMD), replacing consumption of approximately 500 kg of liquefied petroleum gas (LPG) and 2,500 litres of diesel daily, IGL said in a statement. The proposed conversion will cover railway mechanised laundries, officers' rest houses, base kitchens, running rooms, subordinate rest houses and guard and ticket examiner lobbies across Delhi, Ghaziabad and Gautam Buddha Nagar. The mechanised laundries at Delhi Sarai Rohilla, Old Delhi, Anand Vihar Terminal, Hazrat Nizamuddin and New Delhi will use PNG for boiler operations. IGL expects consumption under the initiative to increase to .

Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue. Net profit fell to Rs 24.38 crore in the second quarter of 2026-27 from Rs 372.51 crore a year earlier, despite an 8 per cent increase in sales volumes and a 26 per cent jump in gross turnover. The company said its average daily gas sales crossed the 10 million standard cubic metres per day (mmscmd) mark for the first time, rising to 10.06 mmscmd in the July-September period from 9.31 mmscmd in the corresponding period last year. Gross sales turnover increased to Rs 5,999.13 crore from Rs 4,431.63 crore, reflecting higher sales as well as the impact of increased gas prices. CNG volumes grew 9 per cent year-on-year during the quarter, while piped natural gas (PNG) sales rose 8 per cent, indicating continued expansion in

IGL is also expanding into renewable energy, with plans for solar power plants in Rajasthan, while pursuing backward integration through meter manufacturing

At intraday, Mahanagar Gas was up 5.5 per cent, Indraprastha Gas was up 5.3 per cent and Adani Total Gas was up 4.9 per cent

Indraprastha Gas reported a 16.5 per cent rise in total income to Rs 5,145 crore in the June quarter, while overall sales volume grew 6 per cent year-on-year

Nomura said that city gas distribution companies may now need to start to aggressively pursue inorganic opportunities to grow volumes, given the risk of pollution-led CNG mandates in large cities.

Former Maharashtra Natural Gas chief succeeds Kamal Kishore Chatiwal and brings more than three decades of experience across the oil and gas value chain

IGL's former Managing Director Kamal Kishore Chatiwal says a larger cost advantage over LPG and lower APM gas prices could accelerate household PNG adoption as India seeks to reduce import dependence

MGL discontinues subsidies for commercial users

Following the latest revision effective from 6 AM on May 26, the price of CNG in Delhi has increased to ₹83.09 per kg from ₹81.09 earlier

IGL's revenue from operations rose 5.6% YoY in the quarter to ₹4,584.58 crore

The CNG price hike announcement follows a sharp rise in wholesale inflation in April. As per data, the wholesale price inflation shot up to a 42-month high of 8.3 per cent.

Iran war-led energy crisis may boost shift to renewable energy sources. Kotak Institutional Equities sees growth for CGD companies but warns of valuation, margin and demand risks

Shares of Gujarat State Petronet were up 9 per cent, while Gujarat Gas and Aegis Logistics gained over 7 per cent each

Notably, the six-week-long war in West Asia has disrupted global energy supply. India is a net importer of natural gas, relying on overseas supplies for the majority of its consumption.

Going ahead, analysts expect natural gas prices to stay elevated in the backdrop of developments in West Asia. In March alone, prices of natural gas have climbed 16 per cent to $3.277/MMBtu

Indraprastha Gas advises commercial and industrial users to limit gas drawal to 80 per cent of recent usage after the government regulated supply amid disruption in LNG shipments

Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura

US President Donald Trump said the war against Iran was "very complete", adding that the US is considering taking control of the Strait of Hormuz

The rising concerns over the prolonged closure of the Strait of Hormuz have raised fears of a liquefied natural gas (LNG) shortage